Webull announced Monday a cryptocurrency trading expansion into Canada, leveraging Coinbase’s infrastructure for both trading and custody services. The move marks Webull’s entry into a market where digital asset ownership has grown to 25% of the population in 2026, up from 10% three years prior.
Webull’s Canadian platform currently displays 10 cryptocurrencies, including Bitcoin, Ether, and Solana. The offering extends Webull’s existing product suite of stocks, ETFs, and options into digital assets. Webull already operates crypto trading in the United States, Australia, and Brazil.
Canadian Regulatory Backdrop
Canada’s regulatory environment for crypto remains in flux. The Ontario Securities Commission research, cited by Webull, documents the rapid growth in digital asset adoption. However, Canada does not yet have comprehensive rules governing fiat-backed stablecoins.
The Stablecoin Act, introduced following the 2025 federal budget, would establish requirements for both domestic and foreign stablecoin issuers. Canada’s regulators are moving toward clearer industry rules for crypto, though no timeline for final stablecoin rules has been announced.
Webull’s Infrastructure Partnership
Coinbase provides the underlying infrastructure for Webull’s Canadian crypto offering. The arrangement allows Webull to offer trading and custody without building its own backend systems. Webull did not disclose specific terms of the partnership or regulatory approvals required for the launch.
The expansion positions Webull as a multi-jurisdiction crypto broker, now operating across four countries. Digital asset ownership in Canada has accelerated significantly, reaching one in four residents by 2026, creating a market opportunity for established trading platforms to broaden their offerings.
